The world's largest asset manager starts with three index equity funds targeting institutional and retail investors in the city, but plans to extend that to active and diversified products in future.
The nation’s largest institutional investor, the Employees Provident Fund, has been urging fund houses to expand their investment teams, increasing its own staff as AUM rises.
The US manager is readying a platform for Hong Kong-domiciled funds, say sources. This follows Franklin Templeton's launch of a range of local products, and other firms are said to be eyeing similar moves.
Fixed income and balanced funds remain more popular, but low stock valuations offer tempting opportunities, says the CIO of the firm's global equity group.
Heads of sales trading acknowledge the importance of protecting the order flow of buy-side clients and say they have been investing to generate efficiencies.